Shopify Stock (SHOP): Why The Price Fell Today

By Amit Chowdhry ● Jan 25, 2022
  • The stock price of Shopify Inc (NYSE: SHOP) fell by over 7% during intraday trading today. This is why it happened.

The stock price of Shopify Inc (NYSE: SHOP) fell by over 7% during intraday trading today. Investors are responding negatively to a bearish research report.

KeyBanc analyst Josh Beck reduced the price target on Shopify to $1,250 from $1,750. And Beck maintained an “Overweight” rating on the shares.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.